USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Aug 22, 2017

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $25,000,000 for a ticket purchased in Kansas, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Kansas

Drawing Date:Tue, Aug 22, 2017
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$376,286$100,469$21,448$254,368
2$395,100$107,054$22,521$265,525
3$414,855$113,969$23,647$277,240
4$435,598$121,229$24,829$289,540
5$457,378$128,851$26,071$302,456
6$480,247$136,856$27,374$316,017
7$504,259$145,260$28,743$330,256
8$529,472$154,084$30,180$345,208
9$555,946$163,350$31,689$360,907
10$583,743$173,079$33,273$377,390
11$612,930$183,295$34,937$394,698
12$643,577$194,081$36,684$412,812
13$675,755$205,987$38,518$431,251
14$709,543$218,488$40,444$450,611
15$745,020$231,615$42,466$470,939
16$782,271$245,398$44,589$492,284
17$821,385$259,870$46,819$514,696
18$862,454$275,065$49,160$538,229
19$905,577$291,021$51,618$562,938
20$950,856$307,774$54,199$588,883
21$998,398$325,365$56,909$616,125
22$1,048,318$343,835$59,754$644,729
23$1,100,734$363,229$62,742$674,764
24$1,155,771$383,593$65,879$706,300
25$1,213,560$404,974$69,173$739,412
26$1,274,238$427,425$72,632$774,181
27$1,337,949$450,999$76,263$810,688
28$1,404,847$475,751$80,076$849,020
29$1,475,089$501,740$84,080$889,269
30$1,548,844$529,029$88,284$931,530
Total$25,000,000$7,962,735$1,425,001$15,612,266

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.